Funding you earn now, next payment 20:00 UTC+0.0148%/8hnext payment +$0.18 per $10,000 · paid last 24h −0.011%
Price spread now: Backpack against Hyperliquid−0.031%7-day average −0.027% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.151%+$15 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.031%, 7d avg −0.027%
=Together, before fees+0.125%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BERA | 0.2279 | 0.0100 | pay 0.0013% / 1h | 38m 22s | $2.9M | $1.5M | 5x |
| Short | Backpack BERA_USDC_PERP | 0.2278 | 0.0248 | get 0.0031% / 1h | 38m 22s | $37K | $159K | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $31.03
- Price spread: −0.031% → −0.027%
- −$0.41
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $11.62
- Costs to cover
- 0.190%
- Break-even
- 4.4 days
Slippage unknown: Hyperliquid: live order book, 12 min ago; Backpack: live order book, 2 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 12 min ago | 0.22 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 0.22 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
BERA on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BERA/USDC PERP | −0.4672% | 1h | 0.2143 | −5.972% | $2K | $19K | 12x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0384% | 1h | 0.2263 | −0.706% | $10K | $82K | 50x | as long as short |
| 01 Exchange BERAUSD | −0.0064% | 1h | 0.2275 | −0.180% | $4K | $5K | 5x | as long as short |
| Variational Omni BERA | +0.0071% | 4h | 0.2274 | −0.205% | $84K | $53K | — | as long as short |
| BloFin BERA-USDT | +0.0072% | 4h | 0.2277 | −0.092% | $301K | $104K | 75x | as long as short |
| Orderly PERP_BERA_USDC | +0.0095% | 4h | 0.2276 | −0.136% | $9K | $1K | 10x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2275 | −0.189% | $65K | $94K | 5x | as long as short |
| Hyperliquid BERAlong | +0.0100% | 1h | 0.2279 | long leg | $2.9M | $1.5M | 5x | |
| Aster BERAUSDT | +0.0100% | 4h | 0.2275 | −0.180% | $14K | $30K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2276 | −0.150% | $5.5M | $14.4M | 50x | as long as short |
Show all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BERAUSDT | +0.0100% | 4h | 0.2273 | −0.268% | $3.0M | $4.4M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2274 | −0.224% | $1.5M | $3.5M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2274 | −0.224% | $338K | $419K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2275 | −0.180% | $1.2M | $442K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2273 | −0.268% | $565K | $229K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2275 | −0.180% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2276 | −0.136% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2280 | +0.039% | $107K | $2.9M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2270 | −0.399% | $35K | $461K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2278 | −0.048% | $373 | $6K | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0189% | 1h | 0.2280 | +0.039% | $4K | $64K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2276 | −0.120% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERPshort | +0.0248% | 1h | 0.2278 | −0.031% | $37K | $159K | 5x | |
| Kraken Futures PF_BERAUSD | +1.9747% | 1h | 0.2270 | −0.414% | $52K | $26K | 20x | as long as short |
Hyperliquid BERA
Backpack BERA_USDC_PERP
Injective BERA/USDC PERP
Coinbase International BERA-PERP-INTX
01 Exchange BERAUSD
Variational Omni BERA
BloFin BERA-USDT
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
SoDEX BERA-USD
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Kraken Futures PF_BERAUSD